Automotive and defence group Rheinmetall will establish a joint venture (JV) for the production of aluminium cylinder blocks.
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Penske Automotive Group Inc. today said it posted a 63 percent decline in quarterly profit as the recession hurt consumer demand for new vehicles. The second-largest U.S.
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Global automotive supplier Visteon Corporation has launched a reconfigurable cluster platform on Jaguar Land Rover's new Range Rover.
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Car dealership groups Sonic Automotive Inc. and Group 1 Automotive Inc. posted better-than-expected quarterly profits on cost cuts and said the U.S. auto market had stabilized after a steep downturn over the past year.
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Auto dealership chain Sonic Automotive Inc. posted a plunge in second-quarter profit as the economic recession hurt consumer demand for new vehicles. Sonic, the third-largest U.S.
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Auto retailer Group 1 Automotive Inc. said today it posted a better-than-expected second-quarter profit on cost cutting and lower inventory costs and said the U.S. auto market has stabilized after a sharp contraction that began last year.
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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study.
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Suppliers are a lot more interested in working with Ford of Europe and Volkswagen AG than they were in 2006, according to results of the 5th annual Automotive News Europe/SupplierBusiness OEM-Supplier Relations Study.
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Rival German luxury car makers BMW AG and Daimler AG will expand their cooperation in purchasing automotive components, a BMW board member told German magazine WirtschaftsWoche on Saturday.
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Ford Motor Co. has enough cash to survive next year without outside help even if sales remain at today's 27-year lows, CEO Alan Mulally said. "Absolutely. We have sufficient liquidity," Mulally told Automotive News Thursday.
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Sweden, which holds the EU presidency, should lead governments in setting up a EUR3bn (US$4.3bn) loan facility for Europe's automotive suppliers who face bankruptcy as vehicle production falls in the current economic crisis, according to trade group CLEPA.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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A GBP3.5m support package to help automotive suppliers in the region get through the economic downturn was launched this week by the West Midlands Taskforce.
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Volkswagen's supervisory board has backed the creation of an integrated automotive group with Porsche under the leadership of VW whose management board will now begin talks with the sportscar maker's new chiefs to jointly draw up final details.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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